Duration of Shipment Liability Sample Clauses

Duration of Shipment Liability. CARRIER'S possession of CUSTOMER'S Shipment begins only after an authorized messenger employed by CARRIER signs a receipt for and receives said Shipment into his/her physical custody, thereafter CARRIER'S possession of CUSTOMER'S Property terminates when and as an agent or consignee designated by CUSTOMER receives physical custody (i.e. physical possession or control) of the Shipment. It is understood and agreed that CARRIER'S liability for the handling or protection of CUSTOMER’S Property arises and exists solely and concurrently with CARRIER'S possession thereof.
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Duration of Shipment Liability. Contractor’s possession of City’s Shipment begins only after an authorized messenger employed by Contractor signs a receipt for and receives said Shipment into his/her physical custody, thereafter Xxxxxxxxxx’s possession of City’s Property terminates when and as an agent or consignee designated by City receives physical custody (i.e. physical possession or control) of the Shipment. It is understood and agreed that Contractor’s liability for the handling or protection of City’s Property arises and exists solely and concurrently with Contractor’s possession thereof.
Duration of Shipment Liability. Contractor’s possession of XXX’x Shipment begins only after an authorized messenger employed by Contractor signs a receipt for and receives said Shipment into his/her physical custody, thereafter Xxxxxxxxxx’s possession of XXX’x Property terminates when and as an agent or consignee designated by XXX receives physical custody (i.e. physical possession or control) of the Shipment. It is understood and agreed that Contractor’s liability for the handling or protection of BOE Property arises and exists solely and concurrently with Contractor’s possession thereof.

Related to Duration of Shipment Liability

  • Aircraft Liability (Additional requirement applicable for aerial photograph or contract involving any use of aircraft.)

  • Overdraft Liability The following actions may be taken by us if we receive a draft or other item drawn against your account and there are insufficient funds based on the available balance in your account to cover the draft or item: • Cover the draft or item in accordance with the terms of any written overdraft plan that you have established with us. • Pay the draft or item and create an overdraft to your account. Any negative balance on your account is immediately due and payable, unless we agree otherwise in writing. We may place a hold on balances in any other account you have with us until the overdraft is paid or we may set-off the amount of the overdraft against any of your other accounts in accordance with the terms of this agreement, unless prohibited by applicable law. • Return the draft or item unpaid. We may, at our option and without notice to you, refuse to pay any draft or item if it would create an overdraft, even though we may have previously established a pattern of honoring such drafts or items. We have no obligation to notify you before we decide to either pay a draft or item that creates an overdraft or to dishonor a draft or item that is drawn against insufficient available funds. Drafts or other transfers or payment orders that are drawn against insufficient funds may be subject to a service charge set forth in the Fee Schedule. National Automated Clearing House Association (NACHA) Rules allow Originating Depository Financial Institutions to reinitiate/resubmit an ACH debit returned due to NSF or uncollected funds up to two times. If the same draft or other transfer or payment order is submitted a second time, and there are insufficient funds in the account, it may be returned unpaid a second time with a fee assessed on the same item a second time. If we pay a draft or item against insufficient available funds or an overdraft is otherwise created on the account, you agree to pay any overdraft immediately. You agree to reimburse us for the cost and expenses we incur in recovering the overdraft from you, including our reasonable attorney’s fees and court costs.

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